Tuesday, September 22, 2015

Perk.com Acquires AppRedeem

Austin-based mobile rewards and loyalty service Perk.com said late Monday afternoon that it has acquired AppRedeem, which operates a mobile video rewards service. AppRedeem was based in San Francisco. Perk.com said the all stock deal is worth approximately $2.5M (or C$3,326,404). Perk.com will give stockholders of AppRedeem a total of 831,601 shares of its common stock. Perk.com said AppRedeem had revenues of approximately $3.2M for the 12 months ended June 30, 2015.